What Is an ITIN Loan Program?

An Individual Taxpayer Identification Number (ITIN) loan is a type of foreign national loan tailored to borrowers who are not U.S. citizens or permanent residents but have an ITIN for tax-paying purposes. These loans allow non-citizens to purchase property throughout the United States. 

ITIN loans typically require alternative documentation to verify income and identity, offering competitive terms and a straightforward application process. This specialized Arkansas mortgage option helps foreign nationals achieve homeownership and provides access to the real estate market despite not having an SSN. 

In addition to offering ITIN loans in Arkansas, Griffin Funding provides a variety of financing options that allow for flexibility and alternative type of income verification. Explore bank statement loans, DSCR loans, asset-based loans, and more to find a mortgage option that aligns with your needs and goals.

ITIN Mortgage Loan Benefits

Arkansas ITIN mortgage loans offer a pathway to homeownership for individuals who don’t have a Social Security number, providing access to financing opportunities of up to $5 million with a minimum down payment of 20%. Some key benefits of ITIN mortgage loans in Arkansas include: 

  • Access to financing: Arkansas ITIN mortgage loans provide crucial financial access for individuals without a Social Security number, enabling them to achieve homeownership dreams they might not otherwise fulfill.
  • Flexible eligibility criteria: These loans accommodate borrowers who may not have traditional employment documentation.
  • Competitive interest rates and terms: Borrowers can benefit from competitive rates and terms tailored to diverse financial situations, ensuring affordability and stability in their mortgage payments.
  • Options for primary residences and investment properties: Whether purchasing a place to live or investing in real estate, ITIN mortgage loans offer versatile options to meet varying needs and goals.
  • Streamlined application process: The mortgage application process minimizes paperwork and simplifies the home-buying process, providing a seamless experience.
  • Home financing across Arkansas: ITIN mortgage loans cover a wide range of properties from rural areas to urban centers, allowing borrowers to explore housing opportunities throughout the state.

Who Qualifies for an ITIN Home Loan?

An ITIN home loan is tailored for non-citizens and individuals without a Social Security number who want to invest in real estate or purchase a home in the United States. Here are the key requirements to qualify for an ITIN home loan in Arkansas:

  • Proof of income: You must be able to provide documentation demonstrating stable income, which may include bank statements, business revenue, or other alternative sources.
  • Down payment: ITIN loans typically require a down payment of at least 20% of the property’s purchase price.
  • Credit history: Borrowers should have a minimum credit score of 620 to qualify for an ITIN loan in Arkansas. In some cases, lenders may consider alternative credit histories or international credit reports.

Work With a Leading ITIN Mortgage Lender in Arkansas

Partner with Griffin Funding, a leading ITIN mortgage lender in Arkansas, to make your homeownership or real estate investment goals a reality. We offer specialized Arkansas ITIN mortgages for non-citizens and individuals without a Social Security number, with competitive rates and an easy application process. 

Whether purchasing your first home or refinancing, Griffin Funding provides personalized guidance every step of the way, ensuring a straightforward experience tailored to your financial needs.

Streamline your mortgage with the Griffin Gold app. This user-friendly mobile tool lets you track your loan status, securely upload documents, and stay connected with your loan officer, ensuring a seamless experience from application to closing.

Ready to get an ITIN loan in Arkansas? Fill out an online application to get started!

Frequently Asked Questions: Arkansas ITIN Loans

How do you apply for an ITIN loan in Arkansas?

Applying for an ITIN loan with Griffin Funding is easy! You can reach out to us directly to speak with a knowledgeable loan officer who will guide you through the process. Alternatively, you can start your application online through our website. We’ll work closely with you to gather the necessary information and documents, ensuring a smooth and efficient application process tailored to your needs.

What documents are needed to get an ITIN loan? 

To apply for an ITIN loan, you’ll typically need the following documents:

  • Valid ITIN issued by the IRS
  • Proof of income, such as pay stubs, tax returns, or other alternative sources
  • Identification documents, such as a government-issued ID or passport 
  • Visa or visa waiver documentation, if applicable

How is creditworthiness determined when applying for an ITIN loan?

When applying for an ITIN loan, borrowers can demonstrate creditworthiness by submitting a credit report from their country of origin if they do not have an established credit history in the United States. 

Griffin Funding understands the unique circumstances of non-citizen borrowers and considers alternative credit histories to assess creditworthiness.